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Trump's Trade Policy Could Slash $490 Billion in U.S. Manufacturing

8/20/2025

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Summary

Story summary

A Joint Economic Committee Minority report warns that Trump's trade policy may cut U.S. manufacturing investment by $490 billion by 2029, impacting innovation and job creation.
The report likens U.S. tariff uncertainty to the U.K.'s post-Brexit struggles, predicting annual investment declines of 13%.
Even with resolved trade fears, a 1% annual investment reduction is expected through 2029, totaling $42.2 billion in lost spending.

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Story summary

A Joint Economic Committee Minority report warns that Trump's trade policy may cut U.S. manufacturing investment by $490 billion by 2029, impacting innovation and job creation.
The report likens U.S. tariff uncertainty to the U.K.'s post-Brexit struggles, predicting annual investment declines of 13%.
Even with resolved trade fears, a 1% annual investment reduction is expected through 2029, totaling $42.2 billion in lost spending.